Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.

Two points of view: Facts versus the revolution

“Oil dropped nearly 6 percent on Wednesday to near $63 a barrel in the biggest one-day slide since April after data showed a surge in U.S. crude inventories on higher imports and lower refinery activity.”

“We are still influenced by market instability, but that (price) projection is happening, and there will be a gradual recovery of oil,” Ramirez said.
We expect the strong fall in inventories to continue”